A great number of economists and politicians are saying Barack Obama has his facts wrong when he claims the United States is risking default by not raising the debt ceiling. The government cannot default on its debt. It must prioritize what bills must be paid and pay those. The increase in the debt ceiling allows the government to continue to run a budget deficit or increased debt. Obama is playing politics with our debt. Like he did with sequestration, Obama is yelling and screaming about dire straits!
Read more at Obama does a Chicken Little on default.
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